868 King Street E,Cambridge, ON N3H 3P2
Cambridge, ON N3H 3P2
Description
Rare opportunity to acquire a cleared, shovel-ready development parcel in the heart of Preston, Cambridge's fastest-evolving transit-oriented corridor. This 20,193 sq ft (0.464 acre) corner lot delivers 133.95 ft of premium frontage on King Street East with additional exposure on Lowther St E, offering irreplaceable visibility and access. Zoned C1RM2 (Commercial / Multi-Residential) with a Mixed Use (Including Residential) Official Plan designation and Major Transit Station Area (MTSA) overlay, the site offers developers the potential of a wide variety of build options. Strategically positioned, the property is within walking distance of the planned Stage 2 ION LRT station at King Street East and Eagle Street in addition to the Preston downtown core, schools, shopping, restaurants, parks and grocery. Highway 401 access in 5 to 7 minutes; Site is currently vacant, cleared, and ready for design. Phase II ESA, Archaeological Report as well as survey available to qualified purchasers under confidentiality.
Details
| MLS # | X13065006 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Price Change |
| Year | 0 |
| Days On Site | 131 |
| Listing Provided By | RE/MAX Real Estate Centre Inc. | X13065006 559704 |
Features
| SQ Feet | 20,211 |
|---|---|
| Acreage | 0.46 |
Exterior
| Community Features | Major Highway, Public Transit |
|---|
Utilities
| Utilities | Available |
|---|---|
| Sewer | Sanitary Available |
Taxes
| Tax Annual Amount | 29570 |
|---|---|
| Tax Assessed Value | 795000 |
| Tax Type | Annual |
| Tax Legal Description | LT 8 S/S KING ST & W/S POTTER ST PL 521 CAMBRIDGE; PT LT 7S/S KING ST & W/S POTTER ST PL 521 CAMBRIDGE; PT LT 74 N/SQUEEN ST PL 521 CAMBRIDGE AS IN WS668536, SAVE & EXCEPTPT 4 ON EX. PLAN WR1108501 CITY OF CAMBRIDGE |
| Tax Year | 2025 |
Area Information
| Province | ON |
|---|---|
| Region | Waterloo |
| City | Cambridge |
| Postal Code | N3H 3P2 |
| Listing VS Median (in N3H 3P2) | |
Price: $1,099,000 low | high Med: $1,099,000 sqft: 20,211 low | high Med: 20,211 $ / sqft: $54 low | high Med: $54 On site: 131 low | high Med: 131 | |
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Learn More About This Property
| Province | ON |
|---|---|
| Region | Waterloo |
| City | Cambridge |
| Postal Code | N3H 3P2 |
| Listing VS Median (in N3H 3P2) | |
Price: $1,099,000 low | high Med: $1,099,000 sqft: 20,211 low | high Med: 20,211 $ / sqft: $54 low | high Med: $54 On site: 131 low | high Med: 131 | |